Required:

Estimate ending inventory for $2022$ using the conventional retail method.

Estimate ending inventory for $2022$ assuming Raleigh Department Store used the LIFO retail method.

Assume Raleigh Department Store adopts the dollar$-$value LIFO retail method on January $1,2023.$ Estimate ending inventory for $2023$ and $2024.$

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On January $1,2024,$ Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for $2024$ and $2025$ are as follows:

Required:

Estimate the $2024$ and $2025$ ending inventory and cost of goods sold using the dollar$-$value LIFO retail method.

Estimate the $2024$ ending inventory and cost of goods sold using the average cost retail method.

Estimate the $2024$ ending inventory and cost of goods sold using the conventional retail method.